US utility Xcel Energy in pursuit of RSG
Utility company Xcel Energy expects to start taking on responsibly-sourced, low-emission intensity natural gas for its operations in Colorado, the company said May 12.
Xcel said it would purchase the gas from Crestone Peak Resources, an upstream company focused on oil and natural gas in the Rocky Mountain region that uses Project Canary’s TrustWell™ certification process to meet the requirements to label its natural gas as responsibly sourced.
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“With our best-in-class innovative technology and independent certification process, Project Canary is rapidly growing and we’re proud to be a key component of Xcel Energy and Crestone Peak’s data-driven, low carbon programs,” Project Canary CEO Chris Romer said.
Project Canary is working with dozens of companies engaged in upstream activities, as well as pipeline and utility companies, to work on its RSG pilot project in Colorado.
The pilot project is meant to, through data monitoring and other technologies, help the companies involved with their efforts to voluntarily reduce methane emissions from the natural gas sector to 1% or less within the next four years.
The International Energy Agency (IEA) finds that methane emissions are the second-largest cause of climate change, behind carbon dioxide.
“We are committed to reducing methane emissions from our own operations and using our buying power to encourage our suppliers to reduce their emissions as well,” Alice Jackson, Xcel’s regional president for Colorado operations, said.